

Calico 8-Plex
Multifamily | 8 Units | $175,000/unit
Marketing description
Long-Term Ownership with Value-Add Potential: The property has been owner-managed since 2007, offering stability and a clear opportunity for future upside, with current rents approximately 30% below market.
Functional Two-Bedroom Units: Each unit features two bedrooms, one bathroom, and in-unit washer/dryer hookups, providing convenience and appeal for tenants.
Prime Local Amenities: Walking distance to Southridge High School and Conestoga Middle School, making it attractive to families and long-term renters.
Proximity to Major Shopping: Located near Washington Square Mall, Oregon’s largest regional shopping center, providing strong access to retail, dining, and entertainment options.
Revenue Enhancement Opportunity: The property presents potential for utility reimbursement (RUBs) implementation, creating an additional income stream.
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